Ethiopia’s Inflation Moves Deeper Into Double Digits

ETHIOPIA-CopyADDIS ABABA (Reuters) – Ethiopia’s inflation rose to 11.9 percent year-on-year in July from 10.4 the previous month, owing to a rise in both food and non-food prices, the statistics office said on Tuesday.

The Central Statistics Agency said food price inflation increased to 13.9 percent from 12.4 percent in June, thanks largely to a rise in the prices of items such as meat, fruits, vegetables and cereals.

The non-food inflation rate rose to 9.7 percent in July from 8.2 percent the previous month.

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